Eaton Hall is a corporate and commercial law firm that specialises in securities law and projects.
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Updated ASX admission requirements
ASX has recently updated its admission requirements, relating to both initial public offerings and back-door listings. After some extensive consultation, the updated admission requirements have been generally well received.
Personal liability of Australian company directors
Under certain circumstances, a director may be personally liable for the company’s debts and other losses.
Australian company directors’ duties
A proprietary company must have at least one director (and at least one who ordinarily resides in Australia), and a public company must have at least three directors (at least two of whom ordinarily reside in Australia).